India's production of whole fresh cow milk has shown a steady increase from 2013 to 2023, reflecting a compound annual growth rate (CAGR) of 4.54% initially, with the growth rate peaking at 7.63% in 2018. Thereafter, a few fluctuations were observed, notably a slight drop in 2020 followed by a recovery. By 2023, production stood at 101.99 million metric tons, with a CAGR of 2.57% from the previous five years. Forecast data suggests a continued upward trend, projecting milk production to reach 116.57 million metric tons by 2028, marking a CAGR of 2.1% for the upcoming five-year period.
Future trends to watch for:
- Influence of technological advancements in dairy farming and milk processing.
- Impact of government policies on dairy industry support and regulation.
- Fluctuations in demand due to changing consumer preferences and dietary trends.
- Environmental and climatic factors affecting dairy farming efficiency and productivity.